Charles PIROTTE
ActiveCharles PIROTTE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €14k. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 36% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+73
Solvency59▲+1
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.52 in 2024; short-term debt: 64% and cash: 0% of total assets), and 65.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.3%
Return on assets
9.4%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
32 d early
2021
2 d early
2020
31 d late
2019
62 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€51k▲ 37.7%
2024 · €37k
2018: €43k
2019: €86k
2020: €111k
2021: €133k
2022: €73k
2023: €47k
2024: €37k
2018 → 2025
Total assets
€147k▲ 31.0%
2024 · €112k
2018: €137k
2019: €174k
2020: €186k
2021: €234k
2022: €180k
2023: €112k
2024: €112k
2018 → 2025
Net result
€14k
2024 · €-10k
2018: €24k
2019: €45k
2020: €25k
2021: €22k
2022: €-30k
2023: €-26k
2024: €-10k
2018 → 2025
Working capital
€37k▼ 1.9%
2024 · €38k
2018: €-23k
2019: €68k
2020: €104k
2021: €130k
2022: €80k
2023: €45k
2024: €38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€133k-€73k▼ 45.1%€47k▼ 35.5%€37k▼ 21.9%€51k▲ 37.7%
Operating result€33k-€-25k€-22k▲ 10.2%€-8k▲ 63.6%€15k
Net result€22k-€-30k€-26k▲ 13.3%€-10k▲ 60.2%€14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15k after a loss of €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147k
Fixed assets
€16k▲ 626%
Current assets
€131k▲ 19.3%
Equity and liabilities €147k
Equity
€51k▲ 37.7%
Debt
€97k▲ 27.8%
The debt ratio falls from 67.3% to 65.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▲
2024 · €-6k
Cash flow
€18k▲
2024 · €-8k
Solvency
34.3%▲
2024 · 32.7%
Current ratio
1.39▼
2024 · 1.52
Quick ratio
1.26▼
2024 · 1.44
Debt / equity
1.91▼
2024 · 2.06
ROE
27.4%▲
2024 · -28.1%
ROA
9.4%▲
2024 · -9.2%
Interest coverage
6.46▲
2024 · -1.61
Debt
€97k▲
2024 · €76k
Debt ≤ 1 year
€94k▲
2024 · €72k
Income taxes
€141▲
2024 · €109
Staff costs
€51k▼
2024 · €67k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€112k€147k▲
Fixed assets21/28€2k€16k▲
Tangible fixed assets22/27€2k€16k▲
Plant, machinery and equipment23€579€9k▲
Furniture and vehicles24€2k€7k▲
Current assets29/58€110k€131k▲
Stocks and contracts in progress3€6k€12k▲
Stocks30/36€6k€12k▲
Amounts receivable within one year40/41€87k€107k▲
Trade receivables40€50k€68k▲
Other amounts receivable41€37k€39k▲
Cash at bank and in hand54/58€12k€26▼
Deferred charges and accrued income490/1€5k€12k▲
Equity and liabilities
Total equity and liabilities10/49€112k€147k▲
Equity10/15€37k€51k▲
Contributions10/11€19k€19k=
Reserves13€18k€32k▲
Distributable reserves133€18k€32k▲
Amounts payable17/49€76k€97k▲
Amounts payable within one year42/48€72k€94k▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€27k€26k▼
Credit institutions430/8€27k€26k▼
Trade debts44€27k€52k▲
Suppliers440/4€27k€52k▲
Taxes, remuneration and social security45€18k€16k▼
Taxes450/3€13k€11k▼
Remuneration and social security454/9€5k€5k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€67k€51k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€64k€72k▲
Operating profit (loss)9901€-8k€15k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-10k€14k▲
Income taxes67/77€109€141▲
Profit (loss) for the period9904€-10k€14k▲
Profit (loss) for the period to be appropriated9905€-10k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€14k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€10k€0▼
Transfer to equity691/2-€14k
To other reserves6921-€14k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €14k
Net result €14k after 3 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-30k ▼236%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100kEq €111k ▲28.6%
3 profitable years in a row build equity to €111k.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Highest result since 2018net €45k ▲86.8%
Operating result €61k, net result €45k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 2.70
Current ratio from 0.72 to 2.70; short-term debt falls from €80k to €40k.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Malmedy · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pont-Derrière la Ville 204960 Malmedy1 establishment unit
Charles Pirotte sprl
since 20182.273.057.418
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Of 4,013 companies in sector 43310 we hold annual accounts for 1,745. 1,518 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2018
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
68121Development of residential building projects
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filings
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.